T
The Goose
Guest
To paraphrase a certain "Reverend": don't count your chikinz ..... til they've come home .... to roost!
![]()
To quote Soupy Sales (remember him?):
"Don't count your chickens before they're hatched - eat 'em."
To paraphrase a certain "Reverend": don't count your chikinz ..... til they've come home .... to roost!
![]()
No, I profitted because others were willing to sell their stock for just over a dollar a share and I took that gamble. I've never denied that.
It recovered in large part because AA managed to impose more than $8 billion of concessions on the represented workgroups over five years.
On top of that, you and the other AMTs are anything but the "average airline worker."Prior to the concessions, base pay was more than $70k plus the several thousands of 2.5 holiday pay you keep talking about plus whatever overtime you grabbed. Be very surprising if the average AA AMT W-2 showed much less than $90k.
Substantially more than many people earn.
Back to the topic: Looks like revenue is going to take a dive, as today's news reveals that paid biz and first travel was way off in September compared to 2007:
So even though oil is still dropping today (down to $54/bbl), airline stock prices are crashing even faster.
Revenue, revenue, revenue. Nearly $7 billion more with 24100 less employees. Even if revenue dropped by a couple of billion the huge decrease in fuel, equipment and employee costs would still leave the company able to restore our wages. The elimination of 24,000 employees cuts around $1.4 billion from the payroll.
Let's see....
The stock market is down 44% year over year (thanks Pelosi/Reid led Congress...).
The bailout which was supposed to fix the economy has actually made things worse.
We have the most inexperienced presidential candidate ever to be elected coming into power, and based on his cabinet picks, it's starting to make David Dinkins' executive ability look good...
The alarmists are saying we're in a depression.
The optimists are calling it a correction.
The moderates are calling it a recession.
Retailers are closing their doors, Las Vegas tourism & service related industries are collapsing (there are several hotel projects which have simply stopped construction with the buildings half completed).
It's more and more likely that the auto industry (tied to some 5-10% of the working class jobs in America) is about to go thru in 12 months what the airline industry went thru in the past eight years. Just think how much of an impact that's going to have.
If unemployment hits 10 to 12% (about double what it is today), just how many people do you think are going to be thinking about hopping on a plane?
Yet you're still naive enough to believe there's going to be money left over to "restore and more"???
Honestly, I think you'll be lucky to get an extension of the current contract if the economy continues to tank.
Load factor is dropping, fuel is dropping, flights are dropping(capacity) and so on. If you want me to get more into detail I can, but I think most get the jest.
Basically what I am saying is this. ROME WAS NOT BUILT IN A DAY!!!!
Even though I am a union member, I believe in what you say. People on this board, mainly AMT'S always say the same thing. Restore and more. Anyone with any kind of education should realize that this will not happen(even with Obama).
Reality is this we are in a bad recession, soon to be depression, and yet people on this board want the world. I am a realist, I look at the economy and see exactly what we could possibly get with the variables at hand.
Load factor is dropping, fuel is dropping, flights are dropping(capacity) and so on. If you want me to get more into detail I can, but I think most get the jest.
I look at it this way, which may piss off some but so be it: We take a dollar an hour raise, this year, with the holidays going back to 2X, then next year, for us that have a job, we get a dollar and so on.
Basically what I am saying is this. ROME WAS NOT BUILT IN A DAY!!!!
"Basically what I am saying is this. ROME WAS NOT BUILT IN A DAY!!!!"
No, it wasn't. But my concessions were taken in less than a day! Actually, after a meeting with the three union presidents on AA property was all it took for my wages to be gutted and have executives reward themselves with bonuses.
We have sacrificed for more than the 5 years this concession package was to last. We are into year #6 with no end in sight. The company is NOT bargaining in good faith, yet the TWU still does. Each contract proposal the company slides across the table is an insult to me and my craft. Enough is enough already.
It looks like the AMTs will be headed towards mediation if AA once again rejects our proposal. The company is shrinking by parking fuel guzzlers in the desert. We will be receiving newer, more fuel efficient aircraft very soon. We have less employees than before. The economy is hurting but it will not hurt forever.
Restore and more now!
Ken - you wrote:
... yet the TWU still does [bargain in good faith]. WHISKEY, TANGO, FOXTROT - OSCAR? My detector for bovine fecal matter broke itself when I read this line.
The TWU bargaining in good faith? After all saying the charades are prearranged for so long? How about going through the motions trying to fool the membership? No contract is cheaper for the company if delayed long enough.
You're due a drug test after that comment.